5 Proven Benefits Of Remote Work for Companies

Remote work was not something that no one anticipated a few years ago. Going to the office was a daily routine many assumed would last forever. But times have changed dramatically.

Many people's daily lives now include remote working. So much so that those looking for work now prefer remote positions because they enjoy the benefits of work-life balance and improved mental & physical health.

Companies worldwide have adapted to this new way of life and recognized the benefits of working remotely. This way of working isn't going away anytime soon.

Also, over 150 recruitment agencies and millions of businesses have adapted to the most pressing issues defined by the recent global pandemic that altered the way we work.

But how does a company benefit from employees working remotely? Let's look at the landscape and how it has evolved into a highly beneficial environment, particularly for businesses.

Benefits of hiring remote workforce for employers for growth-oriented startups

According to Pew Research Center, 94% of companies said they would keep the remote work policy even if Covid-19 were no longer a threat. There has to be a good reason for that decision.

Embracing remote work is the way of the future. Many businesses have noticed a decrease in operational costs, which has resulted in higher profits. Employees working remotely are more engaged and motivated, which also increases productivity.

Of course, remote work has its advantages and disadvantages. While this new way of working appears to be more permanent, other aspects of the new arrangement are becoming negative.

Some aspects of hiring remote employees require improvement before businesses fully embrace remote work. Training, onboarding, company culture, and remote work policies are some challenges businesses may face.

Other pressing points include creating new methods for development programs and investing in the best programs and tools to ensure their success.

Fortunately, hiring agencies have stepped forward, taking the burden off employers' shoulders and making these challenges easily solvable. Working closely with a recruitment agency can help you save money while moving your business forward.

You may still wonder, ‘how EXACTLY does remote work benefit employers?’ Let's take a closer look at some advantages of hiring remote workers.

1. Access to a wider talent pool

Like many tech-related industries have taken a giant leap and joined the digital revolution, so has virtual recruiting. It has proven to be not only impactful but also cost-effective.

You can now access top talent from across the globe rather than only selecting from top local talent. This allows you to find motivated candidates with broader experiences who will fit the company culture well.

Many companies that have joined this new movement have stated that hiring candidates through video interviews has been highly effective. They are confident in making an offer even if they have not met them in person.

The combination of increased technological advancements in the remote work hiring process will result in faster and more efficient recruitment that will remain cost-effective.

2. Pre-trained skilled remote teams

It can sometimes be challenging to provide appropriate skill development for new employees. Companies want to ensure that each employee can maximize their potential with whatever resources are available at the time. Furthermore, and to be honest, determining whether your employee has gained sufficient experience can be difficult.

One of the advantages of remote work, especially with a recruiting agency like Simera, is that your candidate will have the skills you require and be enrolled in an ongoing accelerated skills development program.

Simera's AI algorithm ranks candidates based on experience, skills, capabilities, and other factors, making it an ideal matchmaker for job searches. The Simera App also includes unique verification and referral data that will assist in validating the candidate's education and work experience.

Through our detailed scoring platform, you will access all data on your candidate's progress and learning skills. Through analytical data, your company can now easily track their employees' skill upgrades and help manage their talent, resulting in incredible growth results for the in-house business.

3. Improved morale & lower employee turnover

As previously stated, there are several advantages a company can gain in terms of training and continuously developing skills for current and future employees.

Since this can positively improve a person's career, it can also result in career growth. It is highly considerate from an employee's point of view that when an employer contributes to improving their skills, they feel much more motivated.

Because this can lead to career advancement, it is greatly appreciated when an employer contributes to improving an employee's skills. That is to say; they are considerably more motivated.

Training and skill development are not only appealing to employees; they can also reduce employee turnover and improve employee retention.

Continuously providing access to learning skills is critical to retaining talented employees or attracting the best candidates, which can save a company thousands of dollars in the long run.

On the other hand, a work-from-home setting may not be suitable for everyone. Working with a hiring agency eliminates the need to guess whether a candidate will be a good fit because they have already been pre-screened, and whoever is recommended to you will be 100% onboard to work remotely.

4. Lower operating costs = business growth

Continuously analyzing operating expenses enables businesses to cut unnecessary spending and lower costs. One of the many economic benefits of remote work from the employer's perspective is the lower investment in personnel.

Efforts to improve your operating costs mean staying ahead of the competition. Business owners should always look for ways to cut costs while maintaining the quality of their products or services.

When a company assigns a specific type of work to a remote worker through a hiring agency, the company is not required to arrange training or onboarding programs for the employee. The roles will be assigned to professionals who are already experts in the field. Not only will this reduce hiring costs, but it will also improve work efficiency and quality.

These are just a few of the areas where you will save money if you join the remote work trend:

Real estate costs & office equipment costs

A company can reduce its need for space by employing fewer or no employees in an office building, saving money on rent, utilities, and other related expenses like office supplies, equipment, and insurance for the space being leased.

Absenteeism costs

Often, a worker's absenteeism can be avoided if their employer implements a flexible work schedule allowing employees to do their job while also managing any personal issues that may arise.

Working from home allows employees to balance their family and life duties alongside their work without taking unscheduled time off, whether caring for children or elderly relatives, running errands, or tending to household-related matters, leading to increased productivity.

Lack of productivity costs

Several recent studies have found that working remotely from home is more productive than working in an office setting. Those who work from home waste 10 minutes less per day, work one more day per week, and are 47% more productive.

Workers in a home environment report fewer distractions by coworkers, talking about non-work topics for 30 minutes less, and talking to management for 7% less time.

5. Top-tier talent, without location

Another perk of remote work is the absence of geographical boundaries.

Employing people from various geographical areas enables businesses to diversify their talent pool. It gives them the freedom to draw in more prospective employees from locations they might not otherwise want to visit.

Perhaps the most significant advantage of hiring at the international level is that you are no longer limited by local talent and can instead focus solely on hiring the best. Then there's the chance to expand your team beyond your borders by hiring bilingual candidates from other regions at a low cost.

Remote work presents a fantastic opportunity for employers looking to diversify their talent pool to find and hire strong candidates, particularly if they require more technologically savvy workers suited to their company's needs.

Start hiring remote workers and boost employee productivity with Simera

Investing in this new way of working and learning has proven to be an ideal solution to the current crisis for many businesses, regardless of their focus. 

Thanks to AI and reliable data, remote work and hiring have become more practical with their technological resources. This has enhanced the talent acquisition duties and demonstrated successful outcomes. 

At Simera, we can help.

Don’t risk growth. Hiring remote employees can be YOUR competitive advantage

Have you ever considered how much time and money it takes to conduct exit interviews, hire temporary workers, post job ads, interview candidates, onboard a new hire, and even experience lower productivity during probation?

Don't put your money or your growth at risk.

If you're thinking about it or have already decided and are actively looking for a partner to help you get the best talent for your project, CONTACT US TODAY.

We'd be honored to help you discover the benefits of a dedicated remote team!

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